$"$If you want to replicate the forward contract with calls and puts at delivery price K$=80$ and expiry T$,$ how will you do it$?""$long$""$ or $""$short$""$ long a call and $""$long$""$ or $""$short$""$ short a put to create a long forward. $""$long$""$ or $""$short$""$ a call and $""$long$""$ or $""$short$""$ a put to create a short forward position. $"$